4 March 2024

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DAVID CAMERON LAW OFFICE (DCLO) LEGAL UPDATE:

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Hong Kong's New Capital Investment Entrant Scheme (CIES) Opened for Applications 1 March 2024

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The New Capital Investment Entrant Scheme (the Scheme) opened for application on 1 March 2024.
     
The government announcement cited that, Invest Hong Kong (InvestHK), responsible for assessing whether the applications fulfil the financial requirements under the Scheme, reported that as at close of business on the first day of launch, the department received over 100 enquiries from different channels, including at its counter, through its hotline and online. Around 70 per cent are professional service providers.
     
The Director-General of InvestHK, Ms Alpha Lau, said, "The Scheme has garnered considerable interest on the first day of launch, and the department has already received applications on the first day. It shows that high-networth individuals have confidence in Hong Kong's stable business environment. They are interested in the diverse investment channels the city has to offer and wish to settle in Hong Kong with their families."

 

For more information on CIES, please feel free to contact David Cameron david.cameron@dc-lo.com  

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